Monument Capital Partners (MCP), an Indianapolis-based private equity fund, along with partners John Campbell and Joe Mansfield have completed the sale of Separators, Inc to a strategic buyer.
Located in Indianapolis and founded in 1985, Separators, Inc., specializes in servicing and remanufacturing industrial centrifuge equipment used in various industries including: dairy, beverage, bio-med, edible oil, pharmaceutical, meat rendering and industrial fluids.
MCP acquired Separators on June 14, 2005 with John Campbell, and Joe Mansfield. Campbell has served as CEO and Mansfield has served as COO/CFO since the acquisition. Both will continue in their roles with the strategic buyer.
“Separators is one of many Indiana companies that have carved out a strong niche in North America. Through John and Joe’s leadership, the company has increased its footprint in the US and has delivered unmatched quality and service, says Larry Wechter (pictured), one of MCP’s founding partners. “They have delivered exceptional shareholder value and we congratulate them on their commitment to Separators and our shareholders. Additionally, this transaction allows Separators to continue to keep its headquarters and operations in Indiana, an extra bonus for all!”
